patersons' spec buy note on royal, page-2

Interesting...

This one has been missed by the Iron centric market. I have valuations at multiples of the current price, but was not expecting anything to happen particularly quickly.

I also note the interesting spike in the price back in December...with no apparent reason given to the ASX after a speeding ticket. The spike just happens to coincide with the drilling program on their gold project.

Coincidence?

Regardless, with $10m in the bank, and the Razorback project now in their back pocket...some decent value can be added here pretty easily.

I am actually hoping the buy recommendation doesn't set her off too much...I still want to buy a few more.

Cheers!